Recent data from the German Statistical and Analytics Platform Statista showed e-commerce made a big leap last year, with the number of users growing and online businesses increasing. Global e-commerce retail sales in 2023 were estimated at $5.8 trillion, with this figure expected to grow by 39 percent in the coming years, reaching more than $8 trillion by 2027.
Chinese retail giant Alibaba has been named the world's largest e-commerce retailer, with a market share of 23 percent.
Source (Al-Arab Newspaper of London, Edited)
